Home Loan Eligibility Calculator (FOIR)
Maximum loan a bank will sanction from your income using the FOIR rule — with existing EMIs deducted.
Formula
FOIR (fixed obligation to income ratio) is the binding constraint for salaried borrowers — every running EMI, including the credit-card minimum, cuts straight into eligibility. Closing a small personal loan before applying can raise the sanction by several lakh.
Not financial advice — for informational and analytical use only. Verify all figures with a qualified professional before acting on them.
Disclaimer: This tool is for general informational and estimation purposes only and is not professional financial, tax, accounting or legal advice. All figures are estimates — verify with a qualified professional before making decisions. Read the full disclaimer.
Need home loan eligibility calculator results fast? Analysts, founders, traders and finance professionals use the Home Loan Eligibility Calculator to skip the spreadsheet and get a defensible answer in one step — free, private and instant.
About Home Loan Eligibility Calculator (FOIR)
Maximum loan a bank will sanction from your income using the FOIR rule — with existing EMIs deducted. FOIR (fixed obligation to income ratio) is the binding constraint for salaried borrowers — every running EMI, including the credit-card minimum, cuts straight into eligibility. Closing a small personal loan before applying can raise the sanction by several lakh. The governing relationship is EMI capacity = income × FOIR − existing EMIs; loan = EMI × annuity factor. The Home Loan Eligibility Calculator computes entirely in your browser — free, private (your figures never leave your device) and instant, recalculating live as you change any input.
How to use Home Loan Eligibility Calculator (FOIR)
- 1Enter Net monthly income (₹), Existing EMIs (₹), FOIR allowed (%), Loan rate (%), Tenure (years) into the Home Loan Eligibility Calculator.
- 2The result is computed automatically using EMI capacity = income × FOIR − existing EMIs; loan = EMI × annuity factor — there is no button to press.
- 3Change any input to model a different scenario, then copy or share the result.
Why use Home Loan Eligibility Calculator (FOIR)?
- ✓Computes home loan eligibility calculator instantly with the correct formula — no spreadsheet needed
- ✓100% free and unlimited, with no sign-up, login or paywall
- ✓Runs entirely in your browser, so the figures you enter stay private
- ✓Shows the formula, a live worked example and references so you can defend the number
Frequently asked questions
What is the formula behind the Home Loan Eligibility Calculator?+
Home Loan Eligibility Calculator uses EMI capacity = income × FOIR − existing EMIs; loan = EMI × annuity factor. FOIR (fixed obligation to income ratio) is the binding constraint for salaried borrowers — every running EMI, including the credit-card minimum, cuts straight into eligibility. The tool substitutes your actual inputs into this relationship and shows the worked example step by step.
What inputs does the Home Loan Eligibility Calculator need?+
Enter Net monthly income (₹), Existing EMIs (₹), FOIR allowed (%), Loan rate (%), Tenure (years) and the result updates immediately — there is no button to press. Change any value to model a different scenario in real time.
Is the Home Loan Eligibility Calculator free, and is my data private?+
Yes — it is completely free with no sign-up or usage limit, and it runs entirely in your browser, so the numbers you enter are never uploaded or stored on any server. It is for informational and analytical use, not financial advice.
What should I watch out for when using the Home Loan Eligibility Calculator?+
Closing a small personal loan before applying can raise the sanction by several lakh.
What is the Home Loan Eligibility Calculator based on?+
The method follows authoritative sources: Bank credit policy — FOIR norms. The formula and references are shown on the page so you can verify and cite the result.
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